This community shopping center, anchored by Food Lion, is strategically located directly off the exit of Route 288, a major freeway, in an affluent suburb of Richmond, Virginia. The property was in need of major improvements, so immediately after acquisition, Berman Kappler implemented a major renovation program. As a result, customer traffic increased which in turn increased sales for Food Lion and other tenants including Papa John’s Pizza.

VALUE ACHIEVED

Acquired the property significantly below appraised value.

Implemented an extensive refurbishment program, which has significantly enhanced the marketability of the center.